CTS International Logistics Corporation Limited (SHSE:603128) agreed to acquire a 50% stake in Huamao Railway Operation Management Co., Ltd from Huasheng Chongqing Logistics Co., Ltd and Chongqing Jiemainuo Supply Chain Management Co., Ltd for CNY 34 million on December 13, 2022. Huasheng Chongqing Logistics Co., Ltd will sell 40% and Chongqing Jiemainuo Supply Chain Management Co., Ltd will sell 10% stake and post completion, both sellers will not have any shares. During 2021, Huamao Railway Operation Management Co., Ltd had total assets of CNY 227.966 million, Owner's equity of CNY 117.5277 million.

Also, it reported total revenue of 391.0479 million, operating profit of CNY 39.4528 million and net profit of CNY 33.5277 million. As of December 13, 2022, board of directors of CTS International Logistics Corporation Limited approved the transaction.